Some policies provide the following options if you are in good health and never use your nursing home insurance:
The choice to cash out. Ask if there will be a cash-out option when purchasing a policy.
Profit from dividends. Some health care coverage strategies may likewise offer the chance to get profits, a comparative idea to disaster protection arrangements with values.
Profit from a death benefit. Even if you never use the coverage, a beneficiary may be able to withdraw money.
Under certain conditions, Medicare or Medicaid may cover some of the costs of living in a nursing home, but it will not cover all of them.
Living in a nursing home can be very expensive. An online tool that provides an estimate of the cost of assisted living has been developed by Genworth.
